EziBuy bought back by its previous ASX-listed owner

ASX-listed Mosaic struck a deal on Dec 28 to buy EziBuy. (Image: NZME)

Mon, 04 Mar 2024

The Australian-listed retail group that spat out EziBuy owing more than $100 million has struck a deal to buy it back.Nearly a year ago, Mosaic Brands put the Palmerston North-founded clothing retailer into voluntary administration, owing creditors roughly $117m, intending to propose a restructure that would have turned EziBuy into a “simplified, profitable, generative online-only” operation. EziBuy’s performance had been at odds with the “strong and continued digital growth across Mosaic’s omnichannel brands...

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